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president obama spoke this morning to a crowd which included world leaders, celebrities, royals, and tens of thousands of south africans. nelson mandela last thursday at age of 95. lulu lemon -- the founder of the company is stepping down as chairman. he will be replaced by the lead director. the ceo is also step down and will be replaced by former toms shoe president. all because of those sheer yoga pants. a drugmaker warns that its earnings will miss analysts estimates next year if regulators allow generic companies of a multiple -- of a multiple sclerosis drug. we will be back in two minutes. ♪ bitcoin has been a speculative frenzy lately. but will all the attention celebrating the 12 days of bitcoin -- not really a traditional holiday. matt miller is here for a day two. on the second day of bitcoin, matt miller gave to me -- what have we got? >> today is the day where i start experimenting with all the different kinds of stuff i can buy. each day we are going to do something different with bitcoin. yesterday was about acquiring the coin, which i did. i bought it for about $800
president obama spoke this morning to a crowd which included world leaders, celebrities, royals, and tens of thousands of south africans. nelson mandela last thursday at age of 95. lulu lemon -- the founder of the company is stepping down as chairman. he will be replaced by the lead director. the ceo is also step down and will be replaced by former toms shoe president. all because of those sheer yoga pants. a drugmaker warns that its earnings will miss analysts estimates next year if regulators...
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president obama was among those paying tribute. never see the life of nelson mandela again. let me say to the young people of africa and the young people around the world, you too can worth your own. >> and the first female ceo in the global automotive industry, she started her career as an intern more than 30 years ago on the factory floor. in charge of product development and quality in all of gm's cars and trucks for a little under two years. person is jet -- ackerson is retiring january 15 and changes at the top of lulu lemon. chip wilson is stepping down as chairman. the president of toms shoes will be the new ceo. we turn to private equity and venture cap. raised $2 billion across seven funds, focusing primarily on software, and tonight and business services. with me now is a managing director. tank you for joining us. -- thank you for joining us. i know your firm, trident, is focused on security. year?do you see the new where do you make investments? trident focuses on general technology. we are experts in four areas. applications and cloud- based applications. andtiz
president obama was among those paying tribute. never see the life of nelson mandela again. let me say to the young people of africa and the young people around the world, you too can worth your own. >> and the first female ceo in the global automotive industry, she started her career as an intern more than 30 years ago on the factory floor. in charge of product development and quality in all of gm's cars and trucks for a little under two years. person is jet -- ackerson is retiring...
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president obama was among those paying tribute. >> we will never see the life of nelson mandela again. but let me say to the young people of africa and the young people around the world you, too, can make his life's work your own. >> general motors made history today as we were just telling you, naming mary barra the c.e.o. of the company after dan ackerson retires in january and will be the first woman to lead a global automaker and will be doing it right after the u.s. government exits its massive financial stake in g.m. the former c.e.o. of general motors was credited for turning the company around and is on the phone with us for a bloomberg exclusive. thank for you taking time-out for "market makers. let's talk about mary barra, you were the c.e.o. when she was put in human resource in addition to her role in manufacturing and engineering. at that time in 2009, ed, did you see her for a candidate for c.e.o.? >> sure, mary has a lot of tagent -- talent and experience and very personable and did a terrific job in the human resources function of general motors. of course. >> what was
president obama was among those paying tribute. >> we will never see the life of nelson mandela again. but let me say to the young people of africa and the young people around the world you, too, can make his life's work your own. >> general motors made history today as we were just telling you, naming mary barra the c.e.o. of the company after dan ackerson retires in january and will be the first woman to lead a global automaker and will be doing it right after the u.s. government...
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including barack obama and leaders in brazil and india will pay tribute to mandela today at the stadium. with the continue to monitor these pictures -- will potential monitor these pictures and breaking any news and show you speeches -- we will continue to monitor these picture and bring you any news and show you speeches. lessor, chief european economist. -- let's welcome chief european economist. it is a relatively calm to say the least. if 2014 going to be more of the same? tofrom a crisis situation politicization state of situation, we are looking at the effect from stimulation policies that took place this year that were successful in realizing the market. unfortunately i must the negative side effects. we demand. the biggest challenge for 2014 will be the backdrop and in the banking sector. >> you talk about too low inflation, are you worried about deflation? >> the risks in the region we are seeing potentially a very large output gap and rapidly rising that is strong warning. not acclimated which i am very concerned about. the currency is moving against. we are certainly seeing s
including barack obama and leaders in brazil and india will pay tribute to mandela today at the stadium. with the continue to monitor these pictures -- will potential monitor these pictures and breaking any news and show you speeches -- we will continue to monitor these picture and bring you any news and show you speeches. lessor, chief european economist. -- let's welcome chief european economist. it is a relatively calm to say the least. if 2014 going to be more of the same? tofrom a crisis...
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royalty from around the world, and about 75 people. what is fascinating is the true message of reconciliation that he always talked about. people that will be talking will be president barack obama, and cuban president ronald castro, and the rainy president roos on -- hassan rouhani will be present. hopefully this will be a time where people can reconcile. >> as is often the case, it is the absentees that are just as notable. >> we fax it got most of the countries that have been represented across the world. syria is not going to be attending. we know that some countries have not even come out with any kind of show of gratitude or grievance at all. this is going to be interesting to see how it plays out in the rest of the day. what is fascinating is that cleat -- queen elizabeth will not be attending but prince charles will be attending, but not today's memorial. he will attend the actual funeral on sunday. >> the memorial today will be four hours long tackle president obama will be speaking. >> four hours long. annie lennox will be at
royalty from around the world, and about 75 people. what is fascinating is the true message of reconciliation that he always talked about. people that will be talking will be president barack obama, and cuban president ronald castro, and the rainy president roos on -- hassan rouhani will be present. hopefully this will be a time where people can reconcile. >> as is often the case, it is the absentees that are just as notable. >> we fax it got most of the countries that have been...
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president obama was among those who spoke at the service for mandela. the president made headlines by shaking the hand of event president raul castro. that was the first handshake between those leaders in 13 years. the nominate to head the irs is at his confirmation hearing. will work to he restore the public's trust in the agency. they are struggling with budget cuts and political applications of admitting it applied closer groups. to tea party general motors named a new ceo, making her the first woman to lead a global auto company. there is an -- she is an engineer and has been for 30 years. she will take over for dan a person -- akerson. now to amazon. we all know it is a major online retailer. you may not know that amazon has been quietly building an advertising agency over the last few years. $600 million over it is expectednd to grow this year. cory johnson is back with more on this story. who knew? >> i have been learning a lot about amazon the last couple years. robust with advertising. according to the new -- next guest, there is a new normal.
president obama was among those who spoke at the service for mandela. the president made headlines by shaking the hand of event president raul castro. that was the first handshake between those leaders in 13 years. the nominate to head the irs is at his confirmation hearing. will work to he restore the public's trust in the agency. they are struggling with budget cuts and political applications of admitting it applied closer groups. to tea party general motors named a new ceo, making her the...
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obama and -- barack many other world leaders are in attendance. let's talk about what we are seeing as the event is unfolding. lenny joins us with more. stunning pictures coming. clearly, a huge amount focus on this event. what is the story that is going to be told? >> people are still arriving. hundreds of thousands, millions will be watching what goes on today. these are live pictures from the stadium. it is raining, but south africans are singing. they are so part of this moment, knowing they will reflect back on a leader that change this country's face. be addressingill the crowd. other people will also be addressing. we also have the president of was notd xi jinpeng able to attend, which was interesting. of state will be addressing the crowd from that country. india and cuba as well. president, the man who succeeded nelson mandela, a man that also did not finish his second term in office as well. a lot of controversy surrounding him. this is the part where we see south africans coming together, all editions showing that they are united. mande
obama and -- barack many other world leaders are in attendance. let's talk about what we are seeing as the event is unfolding. lenny joins us with more. stunning pictures coming. clearly, a huge amount focus on this event. what is the story that is going to be told? >> people are still arriving. hundreds of thousands, millions will be watching what goes on today. these are live pictures from the stadium. it is raining, but south africans are singing. they are so part of this moment,...
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in terms of the global market, how does this move the world forward? there is going to be in augmentation of economic sites by way of the trade facilitation that was agreed. streamlineng to help traffic of goods and services. this will certainly help boost trade in all countries and will supposedly boost the economic economy.the global estimates have been made by many analysts. one version is that this'll add about a trillion u.s. dollars to the global economy just by way of the package we had a few days ago. that is one angle we should be recognizing. by way of the agreement we have reached. >> thank you so much for joining us from jakarta. congratulations on the first multilateral agreement 100 59ted by the members. dramatic indeed. the outcome is very hopeful. up next, producing a good month for the market in asia. why our next guest is thinking positively about december. that is coming up after this short break. ♪ >> good monday morning to you. our next guest is the single -- singapore-based head of research . he oversees client assets. it is goo
in terms of the global market, how does this move the world forward? there is going to be in augmentation of economic sites by way of the trade facilitation that was agreed. streamlineng to help traffic of goods and services. this will certainly help boost trade in all countries and will supposedly boost the economic economy.the global estimates have been made by many analysts. one version is that this'll add about a trillion u.s. dollars to the global economy just by way of the package we had...
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but this is president obama's moment. excellent at capturing these things and speaking to the world population. >> we will be following this on bloomberg television all morning. stay with us. >> we will change topics and return to businesses. it is inside the ups day. if you run a business that ships regularly, aznar fedex and ups ou money. they have a moneyback guarantee if packages do not arrive on time. now a start up called 71 pounds is looking to cash in. a track packages and collects refunds for small businesses. he weighs in at more than 71 pounds, but he and his company, they are disruptive. call them fed ex's worst nightmare. he served time at fedex. atis the chief refunder 71 pounds. a great idea -- if my packages like, i get money back? that simple? >> yes it is, tom. fedex and ups both have guarantees on their shipments. overnight or ground shipment is late, even by one minute, you are supposed to get 100% of your money back. companies, most businesses, don't claim these refunds. what happens is $2 billion are
but this is president obama's moment. excellent at capturing these things and speaking to the world population. >> we will be following this on bloomberg television all morning. stay with us. >> we will change topics and return to businesses. it is inside the ups day. if you run a business that ships regularly, aznar fedex and ups ou money. they have a moneyback guarantee if packages do not arrive on time. now a start up called 71 pounds is looking to cash in. a track packages and...